About Waterdrop Inc
Waterdrop Inc is a company based in Chaoyang (China) founded in 2016 by Peng Shen, Guang Yang, and Yao Hu.. Waterdrop Inc has raised $525 million across 4 funding rounds from investors including Tencent, CICC and Swiss Re. The company has 3,060 employees as of December 31, 2024. Waterdrop Inc operates in a competitive market with competitors including eHealth, Yuanbao Insurance Broker, Yuguo, Baobeikeji and International Health Insurance, among others.
- Headquarter Chaoyang, China
- Employees 3060 as on 31 Dec, 2024
- Founders Peng Shen, Guang Yang, Yao Hu
- Stage Public
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Waterdrop, Inc. Sponsored Adr Class A
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Annual Revenue
$385.15 M3.73as on Dec 31, 2024
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Net Profit
$51.07 M116.36as on Dec 31, 2024
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EBITDA
$26.36 M2641.95as on Dec 31, 2024
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Total Equity Funding
$525 M (USD)
in 4 rounds
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Latest Funding Round
$150 M (USD), Series D
Nov 24, 2020
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Investors
Tencent
& 7 more
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Employee Count
3060
as on Dec 31, 2024
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IPO & Listings of Waterdrop Inc
Waterdrop Inc is a publicly listed company on the NYSE with ticker symbol WDH in USA, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Waterdrop Inc
Waterdrop Inc has successfully raised a total of $525M across 4 strategic funding rounds. The most recent funding activity was a Series D round of $150 million completed in November 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series D — $150.0M
- First Round First Round
- Investors Count 8
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2020 | Amount | Series D - Waterdrop Inc | Valuation | Tencent |
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| Aug, 2020 | Amount | Series D - Waterdrop Inc | Valuation | Swiss Re , Tencent |
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| Jun, 2019 | Amount | Series C - Waterdrop Inc | Valuation | Boyu Capital |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Waterdrop Inc
Waterdrop Inc has secured backing from 8 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Tencent, CICC and Swiss Re. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital firm
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Founded Year | Domain | Location | |
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Boyu Capital is recognized as a leading alternative asset management firm.
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Founded Year | Domain | Location | |
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Early and growth-stage TMT startups are funded in China.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Waterdrop Inc
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Waterdrop Inc
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Waterdrop Inc Comparisons
Competitors of Waterdrop Inc
Waterdrop Inc operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as eHealth, Yuanbao Insurance Broker, Yuguo, Baobeikeji and International Health Insurance, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online health insurance comparison platform for individuals and small businesses
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| domain | founded_year | HQ Location |
Online health insurance comparisons are provided for individuals.
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| domain | founded_year | HQ Location |
A platform for distributing medical insurance services.
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| domain | founded_year | HQ Location |
Mobile platform for buying and managing health insurance policies.
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| domain | founded_year | HQ Location |
Operates as a platform for comparing health insurance options.
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| domain | founded_year | HQ Location |
Serves as a platform for comparing and selecting health insurance options.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Waterdrop Inc
Frequently Asked Questions about Waterdrop Inc
When was Waterdrop Inc founded?
Waterdrop Inc was founded in 2016 and raised its 1st funding round 2 years after it was founded.
Where is Waterdrop Inc located?
Waterdrop Inc is headquartered in Chaoyang, China. It is registered at Chaoyang, Liaoning, China.
Who is the current CEO of Waterdrop Inc?
Peng Shen is the current CEO of Waterdrop Inc. They have also founded this company.
Is Waterdrop Inc a funded company?
Waterdrop Inc is a funded company, having raised a total of $525M across 4 funding rounds to date. The company's 1st funding round was a Series C of $145M, raised on Oct 31, 2018.
How many employees does Waterdrop Inc have?
As of Dec 31, 2024, the latest employee count at Waterdrop Inc is 3,060.
What is the annual revenue of Waterdrop Inc?
Annual revenue of Waterdrop Inc is $385.15M as on Dec 31, 2024.
What does Waterdrop Inc do?
Waterdrop was founded in 2016 in Chaoyang, China, as an online platform focused on health insurance comparisons. Operations include a marketplace for health and life insurance products, crowdfunding for fundraising needs, and services in healthcare and pharmaceuticals through Waterdrop Medicine. Insurance awareness solutions are also provided to users, supporting business and individual requirements in the insurtech sector.
Who are the top competitors of Waterdrop Inc?
Waterdrop Inc's top competitors include eHealth, Yuanbao Insurance Broker and Baobeikeji.
Is Waterdrop Inc publicly traded?
Yes, Waterdrop Inc is publicly traded on NYSE under the ticker symbol WDH.
Who are Waterdrop Inc's investors?
Waterdrop Inc has 8 investors. Key investors include Tencent, CICC, Swiss Re, IDG Capital, and Boyu.
What is Waterdrop Inc's ticker symbol?
The ticker symbol of Waterdrop Inc is WDH on NYSE.